TMX Group Limited (TSE:X) Receives Average Rating of “Moderate Buy” from Analysts

Shares of TMX Group Limited (TSE:XGet Rating) have been given a consensus rating of “Hold” by the nine analysts that are presently covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is C$148.11.

Several research analysts have recently issued reports on the stock. Haywood Securities reduced their target price on shares of TMX Group to C$138.00 and set a “sector perform” rating on the stock in a research note on Friday, July 22nd. Deutsche Bank Aktiengesellschaft raised their target price on shares of TMX Group from C$149.00 to C$151.00 in a research note on Friday, August 12th. National Bankshares raised their target price on shares of TMX Group from C$138.00 to C$143.00 and gave the company a “sector perform” rating in a research note on Friday, July 29th. Scotiabank raised their target price on shares of TMX Group from C$150.00 to C$155.00 in a research note on Tuesday, August 2nd. Finally, BMO Capital Markets reduced their target price on shares of TMX Group from C$151.00 to C$147.00 in a research note on Tuesday, July 19th.

TMX Group Stock Down 1.8 %

Shares of TSE:X opened at C$128.21 on Friday. TMX Group has a 12 month low of C$121.42 and a 12 month high of C$140.83. The company’s 50-day moving average price is C$130.51 and its two-hundred day moving average price is C$131.75. The company has a quick ratio of 0.01, a current ratio of 1.01 and a debt-to-equity ratio of 27.67. The firm has a market cap of C$7.13 billion and a P/E ratio of 13.74.

TMX Group (TSE:XGet Rating) last issued its quarterly earnings data on Thursday, July 28th. The company reported C$1.88 EPS for the quarter, topping analysts’ consensus estimates of C$1.73 by C$0.15. The company had revenue of C$286.10 million for the quarter, compared to the consensus estimate of C$279.39 million. As a group, research analysts forecast that TMX Group will post 7.61 EPS for the current fiscal year.

TMX Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Investors of record on Friday, August 26th were paid a dividend of $0.83 per share. This represents a $3.32 annualized dividend and a yield of 2.59%. The ex-dividend date was Thursday, August 11th. TMX Group’s payout ratio is 34.30%.

About TMX Group

(Get Rating)

TMX Group Limited operates exchanges, markets, and clearinghouses primarily for capital markets in Canada and internationally. The company operates through four segments: Global Solutions, Insights & Analytics; Capital Formation; Derivatives Trading and Clearing; and Equities and Fixed Income Trading & Clearing.

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Analyst Recommendations for TMX Group (TSE:X)

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